DBS, OCBC & UOB Average 10% Net Profit Growth in FY19
For the year ended 31 Dec 2019, Singapore's 3 listed banks averaged a net profit of S$5.2 billion, up 10.1% YoY. Among the 3, DBS reported the highest FY19 net profit of S$6.4 billion, reflecting a 13.6% YoY increase. Over the 2019 calendar year, the 3 banks averaged a total return of 10.0%. The 2 best performers in 2019 were DBS and UOB, with total returns of 15.5% and 12.8% respectively.